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Dec 19, 2012
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. >> reporter: south koreans went it the polls today with two choices ahead of them. the daughter of a former dictator and the ruling party candidate. and the left-leaning democratic united party's candidate, a protege of the former president who is still remembered as a symbol of democratic reforms. but rather than a choice for the future, many say this battle is shaping up to be a thing of the past. this ad paid for by her party depict a scar on her face which they say shows her determination to overcome adversity. others say it shows she's scarred by her father's legacy. he rose to power in the '60s and was credited with kick starting korea's economy. he's also blamed for committing human rights abuse during his time in office. >> in the eyes of koreans, a mixed legacy. economic low very, very positive. in terms of democracy, the developments of korean democracy quite negative. so he does have this -- there's this sort of love him more hate him thing. >> reporter: standing in contrast is the opposition leader. last week's abrupt departure of rival candidate and sof
. >> reporter: south koreans went it the polls today with two choices ahead of them. the daughter of a former dictator and the ruling party candidate. and the left-leaning democratic united party's candidate, a protege of the former president who is still remembered as a symbol of democratic reforms. but rather than a choice for the future, many say this battle is shaping up to be a thing of the past. this ad paid for by her party depict a scar on her face which they say shows her...
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Dec 12, 2012
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north korea has probably ensured a south korean presidential victory, the irony. >> senior fellow at the ntu. >> fascinating point there. >>> stick around. in just a couple of minutes we'll get u.k. employment data. see jobless claims rising by 7,000 in november. the latest on those figures as soon as we get them. we'll be right back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground at fedex of. >>> those are your headlines. tensions run high at the opec meeting. the eoe says there must be a response to the oil market that's oversupplied: >> we're, of course, concerned that there will be a certain level of overproduction over the next 18 month or so if the production continues. >>> italy likely to see a strong uptick at the first bond auction after mario monti announced his intention to step down. >>> the international community blast north korea a
north korea has probably ensured a south korean presidential victory, the irony. >> senior fellow at the ntu. >> fascinating point there. >>> stick around. in just a couple of minutes we'll get u.k. employment data. see jobless claims rising by 7,000 in november. the latest on those figures as soon as we get them. we'll be right back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal...
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Dec 11, 2012
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meanwhile, south korean shares were boosted by ship exporters. in australia, miners and bankers led support to the asx ending higher largely by 4%. back to you. >> all right. thanks for that. catch you a little later. >>> now, berlusconi and bersani are already exchanging blows after what's considered to be a controversial moment in italy. berlusconi has announced he's creating a new center right grouping. meanwhile, mario monti has been accused oversimplifying solutions during the fiscal crisis. carolin is joining us now from rome. do we expect more of this rhetoric today? >> oh, definitely. not just today, but specifically over two months. elections will only be held probably on february 24th. we've got about two months of the silly campaigning season to follow. so yes, as you said, the verbal exchange is definitely heating up. it started with mr. monti's response criticism coming from officials about his renewed request for the prime minister post yesterday. he said this criticism was out of place. it was offensive not just for him, but also f
meanwhile, south korean shares were boosted by ship exporters. in australia, miners and bankers led support to the asx ending higher largely by 4%. back to you. >> all right. thanks for that. catch you a little later. >>> now, berlusconi and bersani are already exchanging blows after what's considered to be a controversial moment in italy. berlusconi has announced he's creating a new center right grouping. meanwhile, mario monti has been accused oversimplifying solutions during...
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Dec 13, 2012
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for investors have been buying into the south korean market for the 11th straight session. in australia, the asx 200 ended flat. miners shined but defensive sectors lost steam. >>> agency expected, the fomc has ramped up its purchases program. they set ow new levels of tlefl hold on uninflation before it moves on interest rates. fed chief ben bernanke says the changes will make the central bank more trabs parent, but ultimately he did try to play down the changes. >> the change in the form of the committee's forward guidance does not in itself imply any change in the committee's expectations about the likely future path of the federal funds rate since the october meeting. in particular, the committee expects the stated threshold for unemployment will not be reached before mid 2015 and projects that inflation will remain close to 2% over that period. >> as investors prepare to head home for the long christmas holiday, we're taking a look at what's in store for markets in the new year. european equities, that's the call for our next guest. he says the stoxx 600 could return m
for investors have been buying into the south korean market for the 11th straight session. in australia, the asx 200 ended flat. miners shined but defensive sectors lost steam. >>> agency expected, the fomc has ramped up its purchases program. they set ow new levels of tlefl hold on uninflation before it moves on interest rates. fed chief ben bernanke says the changes will make the central bank more trabs parent, but ultimately he did try to play down the changes. >> the change...
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Dec 27, 2012
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continuing with the region, the south korean government is forecasting a mild recovery next year. the finance ministry has set a growth target of % for 2013. that compares to the bank's earlier projection of 3.2%. the central bank has now to continue supporting growth. both of these statements were pushing the won higher. you can see the dollar/won trazing down about 0.5% today. >>> a slowdown in the country of china is proving to be short lived. power generation and food processing firms are leading the recovery. >>> and germany's latest exports seems to be recession proof. it's a tradition dating back to the middle ages, but germany's christmas markets are more popular than ever. nbc's andy eckh artson sends this report. >> every december, music rix out across girlny's favorite christmas market. berlin alone hosts more than 80 markets, each with its own character where the sights, sounds and smells of christmas combine to keep your financial crisis at bay. >> we don't feel a crisis. when you look around here at the christmas market, you meet so different people from germany and
continuing with the region, the south korean government is forecasting a mild recovery next year. the finance ministry has set a growth target of % for 2013. that compares to the bank's earlier projection of 3.2%. the central bank has now to continue supporting growth. both of these statements were pushing the won higher. you can see the dollar/won trazing down about 0.5% today. >>> a slowdown in the country of china is proving to be short lived. power generation and food processing...
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Dec 17, 2012
12/12
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however, a different story for south korean stocks. now while the japanese yen is weakening against the u.s. dollar, the korean won is strengthening against the japanese yen. this is basically causing concerns for exporters, such as the main automakers in korea. they lost the likes of kia and hyundai were big losers today in south korea, pulling the kospi down about .6%. moving over to the greater chinese markets, we have the shanghai comp continuing. a stellar rally that we have seen over the last month or so. for the month of december, this index is up about 9% coming from very low levels. it was one of the worst performing indexes of the year. now it is under water by i believe about 1.5% or about 2% for the year. this is a huge change from where it was at just a month ago. this is, of course, keep in mind, a very much government orchestrated trally. the government has said that it's going to step in and support the market. there has been talks of lots of reforms to get funds into the market both domestic and foreign. but whether it
however, a different story for south korean stocks. now while the japanese yen is weakening against the u.s. dollar, the korean won is strengthening against the japanese yen. this is basically causing concerns for exporters, such as the main automakers in korea. they lost the likes of kia and hyundai were big losers today in south korea, pulling the kospi down about .6%. moving over to the greater chinese markets, we have the shanghai comp continuing. a stellar rally that we have seen over the...
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Dec 31, 2012
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in asia, japan and south korean markets are closed. the rest of markets look a little bit like this. here is europe to begin with. only a few markets are open there today. among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of
in asia, japan and south korean markets are closed. the rest of markets look a little bit like this. here is europe to begin with. only a few markets are open there today. among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a...
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Dec 3, 2012
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elsewhere south korean automakers and technology majors lent support to the kospi ending higher by 0.4%. in australia, banks rose on expectations of a rate cut. defensive stocks also helped push the asx 200 higher by 0.6%. sensex lost 0.2% today. back to you. >> thanks for that. have a good evening there. meanwhile in china, mainland's factories are printing out more goods. eunice has the details in this report from beijing. >> chinese factories appear to be recovering. the hsbc pmi and the government's official pmi both show a steady improvement for the industry in november. the hsbc pmi final reading came in at 50.5, that's the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is though about the unevenness of the recovery. the sub indices for employment as well as for small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment and state owned enterprises. a bigger worry is about the outlook for external demand especially
elsewhere south korean automakers and technology majors lent support to the kospi ending higher by 0.4%. in australia, banks rose on expectations of a rate cut. defensive stocks also helped push the asx 200 higher by 0.6%. sensex lost 0.2% today. back to you. >> thanks for that. have a good evening there. meanwhile in china, mainland's factories are printing out more goods. eunice has the details in this report from beijing. >> chinese factories appear to be recovering. the hsbc pmi...
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Dec 20, 2012
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. >>> and the newly elected south korean president vows tough love on north korea and territorial claims. >>> european markets, pretty mixed this morning and not much movement overall. the other bourses plat. the bond space, similar story. we're seeing yields consistent with where we were yesterday. that gilt in the uk, keeping an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor, sell the fact move. now, house republicans plan to bring their tax bill to a floor vote today. this as tensions over the white house over the fiscal cliff have started to rise. it's unclear what the bill, known as plan b, will look like. house speaker john boehner has reportedly added spending cuts to con
. >>> and the newly elected south korean president vows tough love on north korea and territorial claims. >>> european markets, pretty mixed this morning and not much movement overall. the other bourses plat. the bond space, similar story. we're seeing yields consistent with where we were yesterday. that gilt in the uk, keeping an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move...